Managing a significant enterprise can get very tricky sometimes. From managing operations at multiple levels to maintaining a seamless flow of operations, everything requires a plan and precision. This is precisely where Enterprise Resource Planning software becomes very handy. It takes care of all the major business-related tasks in a very seamless manner and with minimal human intervention.
What is SAP S/4 HANA Cloud?
SAP S/4 HANA is the best business management tool that is available in the present market. With its latest solution named SAP S/4 HANA Cloud, SAP provides the same business ERP platform backed up with the power of the SAP HANA cloud database framework.
With the advent of cloud integration, it has become easier to bring enterprises together. Maintaining a central source of reliable information helps in carrying out different tasks like complex analysis, data interpretation, and predictions.
The automated, frequent updates over the SAP S/4 HANA Cloud, systems connected to this ERP database are updated automatically. In this article, we will be discussing the new features of the 2021 version named SAP S/4 HANA Cloud 2102.
The latest feature of the 2021 version of SAP S/4 HANA Cloud:
This year has witnessed a significant shift in the business of every shape and size because of the global pandemic. Businesses are trying their best to overcome the drawbacks that they faced in the past few months. Expanding business while maintaining revenue from operations has become a challenging task for many enterprises. The latest SAP HANA cloud platform will help you tackle these situations with ease to get ahead of your competitions.
The update brings us 11 new use cases that cater to departments like Finance, Sales, and Supply Chain. The highlights of the 2021 update of SAP S/4 HANA Cloud are as follows:
- Governance Risk and Compliance (GRC) – The SAP S/4 HANA Cloud 2102 is equipped with the power of monitoring the operations of an entire company.
The GRC also monitors official financial transactions to identify if those transactions are feasible for the company or not. This helps in undermining the security and checking if any fraudulent transaction occurred between the company and a third party.
- Manufacturing and Supply Chain – Enterprises can now make flexible constraints for different production processes by creating a proper resource planning blueprint. This helps the enterprise have a clear idea of their requirements and their amount to their costumes.
With its advanced Cloud features, S4 HANA Cloud 2102 prevents the chance of any future shortage of materials as can be predicted several months ago, and the enterprise can reform its policies in that way. This allows the SAP Implemented companies to provide a better user experience to their clients.
- Sourcing and Procurement – This is an inquiry feature that provides the approval of the purchase requisitions by maintaining a communication channel between the service providers. This improved connection between the supplier and the consumer ensures fewer order rejections and a more efficient procurement process.
- Professional services – The professional services feature allows a company to define its criteria for data aggregation. Knowing the customer’s invoice helps in increasing the flexibility of the billing process for a project. This feature will help you in providing the client with all the data in an organized manner when asked for.
- Enterprise Portfolio and Project Management – The enterprise portfolio helps in keeping a track of sales orders and the profitability of a project. It can work with multiple orders at a time which is very important when checking the viability of a project. This system will also help the project manager to assign tasks strategically and ensure a smooth workflow.
- Sales – This keeps track of all the company’s purchase orders in a master database. The S4 HANA intelligent system firstly gathers information around purchase orders and its contents. Later, in the second phase, the gathered information is added to the central database. This way, the platform reduces the amount of manual labor that was previously needed for updating orders.
- Services – SAP S/4 HANA Cloud 2102 provides a subscription-based model for industries that produce consumption-based products. The SAP Subscription Billing allows in providing both the subscription and service-based product in the same order. All the monitoring takes place in real-time via an application that helps in monitoring the cash flow and inventory movement rate.
- Asset Management – This helps in assisting the maintenance supervisor in identifying faults in the system quickly. Equipped with advanced machine learning algorithms, this system continuously takes data from several carefully placed sensors in the system. The system reports any anomaly to the maintenance officer. Further, the operator is informed about the reason for the issue. Users can also access the location of the problem and streamline the recovery process. Also, the machine learning model collects data during each instance making the system more accurate every time.
- Product Compliance – The product compliance feature ensures that the product made by a company follows all compliance standards with different regional, national, and international rules. Product compliance also provides multi-language support for selling products in a global market. The phrases are updated on a regular basis whenever any changes in the system are required.
- Environment, Health, and Safety – This feature will be providing constant information about the impact of the company’s emission on the environment. The system will consolidate the current emission values. Then using the past emission patterns, will model the predicted output in the future. This will help the enterprise to understand if they will exceed the emission limits or not. And they can modify their existing systems to manipulate the output in a future scenario. All this can be monitored through an application that will also alert the users when emission levels get too high.
- 2 Tier ERP – 2 Tier ERP helps improve the quality of different integrated parts of the financial planning sector. This feature improves the current condition by converting sales into the cost of products and then deriving the resources needed. It also provides access to business-relevant data that help identify the company’s course of operations. Dividing the ERP into two functional parts reduces the stress on a particular department and makes room for innovation.
- SAP Activate – This feature helps in maintaining the quality and ensures that the best practices are followed. Because the framework is changing every time, the SAP Activate has to take care of many things at once. This helps improve the user experience for SAP Activate users in preselecting designs for SAP Activate Roadmaps.
- SAP Intelligence Robotic Process Automation – Robotic automation of business processes have always been one of the most valuable features of SAP S/4 HANA. This level of automation enables departments like Sales, Manufacturing, R&D Department, and Data Management to work with large batches of data. The intelligent system updates and generates master data and maintains updates of the business partners depending on the company’s policies.
- Situation Handling – This situation handling feature alerts the concerned bodies of an enterprise about a fault in the system that might require some human intervention to solve. The situation handling feature also provides a possible solution to the problem and leaves it upon the user’s ability to make the required changes to eliminate the problem.
The 2021 version of SAP S/4 HANA Cloud has made many radical business-oriented changes ensuring its widespread adoption. Several new features have been introduced, and a lot of older features are upgraded. The software gives a lot of focus to improving experience and automation for many vital departments. SAP has listened to their users’ complaints with the last version and has improved majorly on those grounds. All the features and latest updates make the S4 HANA one of the most sought after products in the market.
With SAP S/4 HANA Cloud, the future is today!